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Tim Quast
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We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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January 21, 2010

Cover Sidebar: Power Hungry

By Peter Chapman

Wall Street analysts are bullish on another of Nasdaq's new initiatives--the N2EX British wholesale power exchange. The trading platform is owned by Nasdaq, through its Nasdaq OMX Commodities power derivatives clearing unit, and a Norwegian company called Nord Pool. The market will initially trade and clear U.K. industrial electricity contracts. It will later add trading in financial futures contracts on those instruments. Nord Pool has operated a similar facility in Europe's Nordic region for 15 years and is the largest of the approximately two dozen power markets operating in Europe. Analysts at Goldman Sachs see N2EX adding about $10 million per quarter to Nasdaq's revenues.

 

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Weathering the Storm 

 

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